I watched the video and as a South African what struck me was the condescending attitude towards the ‘plebs’ contributions that was displayed by the Bank of England staff. They really live in their own universe which is detached from that of the ordinary man or woman in the street. Therefore it is pointless to hope that they will ever be able to respond to the genuine needs of ordinary people.

If a switch was made to a wholly digital money system and new money was only created as ‘new money debt’ to enable people who were short of enough money to make purchases of goods and/or non-financial services with an enforced cap on the amount of new money debt at any point in time then the financial system would naturally become responsive to ordinary people’s needs and there would be no need for the Bank of England to control inflation it would cease anyway

An appalling question and really what the hell is Positive Money doing . For many years hard fought argumentation has been made by PM community members, Its a suprise that some sort of gender identity or LGBT QABC question wasn’t asked as well?https://longhairedmusings.w…
Frankly appalling. what is positive money doing really what a rubbish question! Sorry but CLimate change is not an issue, environmental degradation is but Positive interest rates are much more of a danger to human society and the pålanet than CO2.
PM is becoming a rather silly , distracted and ineffective joke these days, perhaps thats the idea.

No this is not a Joke. Climate Change is one thing Anthroprogenic Global warming which is waht most people are referring to when they talk about Climate Change and The CO2 control knob hypothesis is quite another.
On Studying Climatology, which I do and Have extensively here are some references.
I am more than happy to Discuss the Physics, Chemistry, Oceanography, Geology, Mathematics and Computer modelling where the detail lives, if you so wish.

The question put to Carney on behalf of Positive money was both ill advised and badly executed to boot. Positive money is about monetary reform pivoting into the propaganda minefield of Climate Change ( AGW, CO2 Control Knob Theory) is a gift to the Banking Oligarchy.

Mac
Mac
14 hours ago
Are you kidding me? You get to ask Mark Carney a question and you make it about climate change? This is so annoying considering all the work you’ve done explaining what a joke the official central banking narrative is (re: money supply, ‘banks as intermediaries’, credit creation theory, money multiplier myth, private debt etc). Wasted opportunity﻿

Richard Francis
Richard Francis
13 hours ago
I don’t think it is as crazy as it sounds – as global banking practice is directly driving globalised growth within globalised corporations driving practices such as commercial deforestation, increased pollution (air, land and sea) and unsustainable resource management. Messing up the earth beyond human sustainable limits means you won’t be able to put a derivative on the family dining table to eat?﻿

2

TheShreester
TheShreester
10 hours ago (edited)
@Mira Tekelova The linked article is FAR more informative than this video footage. You should’ve made a longer video based on those discussions instead and included this footage where appropriate.

I’m disappointed that, despite your message being extremely important and your representatives putting in the effort to confront the establishment after doing their research and knowing their stuff, you keep failing at marketing and presenting yourself properly. If you want people to take notice you need to do better at getting the message out than posting short 5min videos like this…

Peter Davis
Peter Davis
12 hours ago
Positive money, you have a crucial opportunity – do not squander it in dissipation. You cannot win a battle by expanding many fronts with limited troops and resources. Choose the focus of your energies wisely, namely ‘banking/money issues. Keep your eye on the ball and don’t idealise the democratic process of acting on members opinions at variance with each other leading to little significantly achieved. Carney said it, only 1% of members were concerned with a matter that is actually in the remit of the bank’s duty to control. Climate change is an issue that affects everything, but it is not the particular fight for PM. Don’t become a mere footnote of passing interest. Regroup, refocus.﻿

5

Justin Walker
Justin Walker
8 hours ago
Yes, and that should be Sovereign National Credit and the restoration of the 1914 Bradbury Pound.﻿

1

Guy Dauncey
Guy Dauncey
14 hours ago
This premise, that the Bank of England’s central purpose is to reflect the needs of “the market”, rather than the pressing needs of the planet and humankind as a whole, at a time of a vastly dangerous climate crisis, goes to the nub of the problem. As a culture, where once we handed our all-important societal purpose to the church, and then (in the Enlightenment) to reason, now we have handed it to “the market”, which is the collective representation of self-interested decisions alone. This goes to the core of why so many things are going wrong in the world today. Positive Money’s efforts to re-introduce purpose to the way we manage money and central banking is spot on.

I agree that it is not for the Bank to be making political decisions: it is for our elected politicians to give instructions to the Bank to address the climate crisis with as much commitment and steadfastness of purpose as it does for inflation and monetary stability.﻿

5

Justin Walker
Justin Walker
8 hours ago
Guy, the climate is actually changing naturally – I refer you to my response above…you must understand the existence of the Deep State and what it’s doing. Ignorance by the general public about how this mindset controls academia and the mainstream news is allowing their criminal and globalist agenda to advance.﻿

Justin Walker
Justin Walker
4 hours ago
I’m sorry too Guy. I joined the Ecology/Green Party in 1978 and left in 1992 when I began to realise what was REALLY happening. I suppose you support UN Agenda 21, now Agenda 30? After over 30 years of research, and having been groomed to become a ‘useful idiot’ for the Deep State, I KNOW that I’m right. My uncle was Sir Harry Pilkington, later to become The Lord Pilkington of St Helens. He attended the first ever Bilderberg Group meeting back in 1954 at the Hotel Bilderberg in Holland. A year later he became a Director of the Bank of England, a position he held until 1972. He told me enough that proved there was an unelected and unaccountable tier above our elected representatives who were powerful enough to shape humanity’s future. And, as I said in my first post, it was another Director who told me about the Bradbury Pound and how we are all being deceived about money creation and money supply.

And one other thing, this mindset that we are now exposing is also involved in some of the most evil and disgusting child abuse you could ever imagine, including the actual Satanic ritual killing of children. Don’t believe me? Well, listen to former Metropolitan police constable John Wedger in an interview he gave just two days ago http://loucollins.uk/2019/01/30/an-interview-with-jon-wedger-1-year-on-satanic-ritual-abuse/. And feed into any search engine the name Ronald Bernard, the Dutch banker who exposes child abuse and the actual ritual slaughter of children by high-level financiers.

I’m really sorry Guy, but it is you, my friend, who have fallen into the trap and you need to rescue yourself from all of your Deep State programming. And there’s nothing to be ashamed of about this – I was also deceived but had the courage to admit when I was wrong and actually did something about it. Please have a look at this https://cdn-cms.f-static.com/uploads/727136/normal_5c2e8cbebff94.pdf. This is what you should now be involved with. I’ve actually looked you up and seen what you’re about. I’m still a Green at heart but it is now time for the Real Greens to step forward, only this time armed with the hidden and proven truth.﻿

1

Erik Sarmiento
Erik Sarmiento
14 hours ago
You get to ask Carney a question… you are Positive Money and your question is about climate change?

Bill Smith
Bill Smith
13 hours ago
That has done nothing for the credibility of Positive Money. I can not believe this opportunity was wasted on “climate policy” when that is not the responsibility of the Bank of England.﻿

4

Steve Hippel
Steve Hippel
11 hours ago
Despite being a big fan of the work that PM has done to raise awareness of fractional reserve banking. I can’t help agreeing that this was not the question you should be asking.﻿

3

Roger Lewis
Roger Lewis
14 hours ago
Frankly appalling. what is positive money doing really what a rubbish question! Sorry but CLimate change is not an issue, environmental degradation is but Positive interest rates are much more of a danger to human society and the pålanet than CO2.﻿

Justin Walker
Justin Walker
8 hours ago
What a wasted opportunity! I actually talked to Simon on the phone last Friday and told him to ask Carney about the 1914 Bradbury Pound and why Sovereign National Credit should be restored – that is the proven ability of HM Treasury to create, issue and control all the money needed for Britain’s sovereignty, prosperity and happiness. Called M0 at 100%, this is debt-free and interest-free money that is created by the government that is based on our nation’s wealth and labour potential…and it doesn’t lead to inflation. It was a retired Director of the Bank of England who tipped me off back in 2012 about this proven fiscal measure and that it would solve all of Britain’s economic woes. Positive Money knows all about this but has done absolutely nothing. And why does Positive Money never discuss the machinations of the secretive Bank for International Settlements which controls sixty of the world’s central banks including the Bank of England? Sorry, but this meeting was a completely wasted opportunity…especially as the hidden Deep State created the appalling science of Man-made Global Warming. I know this because Aurelio Peccei, the co-founder of the Club of Rome, told me personally back in 1982 that his organisation WAS CREATING A GLOBAL PROBLEM TO FRIGHTEN THE WORLD INTO ACCEPTING GLOBAL GOVERNANCE! And if you don’t believe me, ask Jeremy Corbyn’s brother Piers, a highly respected climatologist. Or Professor David Bellamy who told me bluntly, “it’s all bad science!”. Come on people, please wake up to the scam that the central banking system is and what the hidden and corporate Deep State is doing to all of us to take away our prosperity and ancient freedoms as they head us towards a debt-slavery Orwellian future. Please go to http://www.newchartistmovement.org.uk.﻿

Martin Shepherd
Martin Shepherd
10 hours ago
I’m massively disappointed with this I’m afraid. You should have got to the core issue of the way money’s created in the modern economy, not climate change. What a wasted opportunity.﻿

Jean Vidler
Jean Vidler
14 hours ago
So the Bank did realise it had an opportunity not to invest in those fossil fuel bonds, but didn’t want to “skew” the market. Instead to “screw” the people and our climate. Lets be clear also about the 12 year years. It is a calculated12 years to the tipping point.. That doesn’t mean the same as “we’ve got twelve years”﻿

1

David Lloyd-Jones
David Lloyd-Jones
16 hours ago (edited)
The Positive Money intervention here is slightly unusual, but not nuts. A bit of fresh air…
Mark Carney is a very bright lad, and his reply, that this is a Parliamentary, not a banking, question, seems to me pretty sound.
The overall proposition, that the carbon question is one of the big challenges of our generation, is spot on. It is a political, not a banking, not a market, problem.
Ben Broadbent is a similarly bright lad. It’s fun to see that he makes the point that QE policy was carried out within the parameters of Parliamentary oversight. Quite right. What this perfectly true bit of dodgery fails to say is that the whole QE enterprise was non-Parliamentary start to finish.
it was invented by the Janet Yellen Fed out of thin air, without an ounce of Congressional permission (neither needed nor on offer) nor intent. It was necessary to save the American economy from Senate Republican Leader McConnell’s obdurate subversion of the Obama rescue program after the GOP-engineered 2008 crash. The Brits followed along, though in the British case government inaction was more a matter of laziness and perhaps ignorance rather than conscious rightwing obstruction.﻿

2

Marty the H
Marty the H
14 hours ago
Cant believe you wasted this opportunity to talk about climate change when wages are low, money is scarce and this system is broken.
I’ve read your book and it makes such allot of sense and offers a good solution as an alternative way of creating money for public use.
Climate change?﻿

2

Richard Francis
Richard Francis
13 hours ago
Agree completely on your comment vis-a-vis QE. 92% of Brown’s QE ended up in the money markets and a paltry 8% trickled down into the lives of ordinary UK citizens. So for the membership of Positive Money – pretty much (I suspect) a flop. On your first paragraph, the line now between banking and politics here in the UK (and most probably in the USA) is less of a line and more of revolving turnstile. I had hoped that post 2007-8 slump and crash – that there would be a review/re-alignment of banking practice far more comprehensive, and that those politicians like May, Darling etc (those who have worked in the city) would be doing more to shape sustainable environmental practice via globalised banking. If it’s happening – its happening at a pace way behind the rise of global surface temperature, commercial de-forestation and pollution (air, land and water). I don’t believe they are as it’s a strong case of ‘tail wagging dog’. When I’ve watched senators (like Alan Grayson) on You Tube ask questions directly to senior luminaries in the Federal Reserve – they (frankly) either give evasive answers – or simply (unbelievably) don’t know! This suggests command and control structure is Bank for International Settlements, the Fed Reserve and Wall St at the top – and national and cross national government below. I would venture to say that is not the correct way around.﻿

1

Earl Bramley-Howard
Earl Bramley-Howard
9 hours ago
How can he suggest they can buy corporate bonds without skewing the market – when the very act of buying them is skewing the market? It’s like they can’t see themselves in the picture.﻿

Susana Piohtee
Susana Piohtee
13 hours ago
Well done Simon! As for the responses, for some reason I had expected something more from Mark Carney than the usual jobsworthy recitations of those who have not yet awoken to the possibility of a ‘better way’ of doing things. It’s a start though; I’m sure he will remember.﻿

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